EU Approves Payment of Russian Gas in Rubles
The EU has put an end to the lingering ambiguity surrounding how EU members can pay for Russian gas without violating sanctions. Russia has demanded that countries pay for its...
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Hungary and Slovakia Say They Still Need Russian Oil
On Tuesday, Hungary and Slovakia said they were unwilling to cut off Russian oil imports, increasing the prospect of countries opting out if the EU seeks to impose an embargo...
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Europe Purchases Oil from Abu Dhabi to Replace Russian Crude
Abu Dhabi crude is on its way to Europe for the first time in two years as the European Union looks for alternatives to Russian oil. This will divert some...
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Europe’s Dependence on Natural Gas Imports Reaches 80%
The European Union and the United Kingdom's reliance on natural gas imports have increased from 65% in 2010 to 80% in 2020, according to the US Energy Information Administration (EIA)....
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Qatar to Supply EU with More LNG If Certain Conditions are Met
Qatar, one of the world's top LNG producers, wants the European Union to limit the resale of gas shipments outside the EU in exchange for Qatar agreeing to redirect emergency...
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EU Leaders Split Over Response to Energy Crisis at Summit
During the first day of their summit on Thursday, the leaders of the twenty-seven (27) European Union member states debated ways to handle the present energy crisis for hours, deciding...
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Algeria’s Sonatrach Becomes Majority Shareholder in Medgaz Natural Gas Pipeline
Algerian state-owned energy company, Sonatrach, has announced that it is now the majority owner of the 210km long Medgaz subsea pipeline which passes through Spain to Europe, after raising its...
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